One more breakout due in Tata Power in OCTOBEROne more breakout due in Tata Power - Enter into the trend in Correction
Break-out will be of 12 points
TATAPOWER trade ideas
Tata Power BullishTata Power Looking Bullish Consider
for short term and swing if price sustain above 164 in daily
Tata Power : The making of a possible multibaggerAn interesting behavioral pattern is in continuous formation on monthly charts of #tatapower
1. Since its listing (available chart data) it remains in a consolidation box for about 1852 days
2.Ending this consolidation phase, it enters a parallel rising channel that spans all along 1248 days
3.After this parallel rising channel it again enters in a massive consolidation box that lives a length of 4566 days
4.Breaking this consolidation phase with a landmark of lowest price in five years it enters in an uptrend where it begins to form yet another parallel rising channel, this parallel rising channel as of today has reached 548 days
5. Since last seven months it has been forming an upward move with a higher low pattern,no low of previous months is broken in any of these seven months
6. Currently it is trading well above all the moving averages (specifically 9, 13, 21, 25, 50, 100, 200, 365 EMA)
7. As of today, the Stochastic RSI is 100.00
8. MACD is in a bullish crossover since Sep '20 and the all green histograms are onto a new peak formation frenzy
9. Since Mar '20 the trading volumes are registering life time high numbers
How often do we find such awesome chart patterns ??
Views and opinions solicited !
ALL TIME HIGH BREAK-OUT IN TATA POWERTATA POWER has broken ALL TIME HIGH that has been made 13 years back.
Volume is good.
Which indicates a strong buying opportunity.
ENTRY : Buy above 165
SL : 150 CBSL
TARGET : 180/200/220
NOTE :This post is just for educational purpose. Do consult with your financial advisor before taking any trade.
Thank you.
Tata power. RSI Divergence in Tata power indicates the upcoming fall. we have a resistance at 172 so investors Book partial profits at 172 and full profits after it falls below 170then reenter positions at 155-140 levels. Traders can Short Tata power futures after it touches resistance and close below 170.option traders can buy put option after it starts to fall below 170
TATA POWER Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
Tatapower Breakout Tata power on multi timeframe analysis is above 50 week EMA and also on daily frame it is about 50 DEMA. Stock has given a break out with a good volume post 9th August this has been a second time where it is trying to breach the price. There is higher highs and higher lows and should cross 1.25 fibonacci level. Sector is slowly gaining strength and stock also is trying to beat nifty strength.
Tata PowerConsolidation almost over, Breakout coming soon
RSI broken our, at levels of 52
Stop loss of 117
Hold for targets of 126,132,137,140
Tata Power: 13 Year Breakout on CardsSo far it was just a catch-up..if the breakout sustains then the real move begins....Stock can do 250-300 in next 1 - 1.5 years
Resistance lies at its all time high
Stock has been rising from the low of 25, since then it hasn't been corrected much, so there is possibility for this to consolidate for a while before making fresh high above 160.
This is just testing idea.
Thank you.
Tata Power Ready to show it's powerTata Power is looking very good on charts and is on verge of breakout around it's resistance. If succeed then we can expect 155-165 in 1-2 months
Risk Reward(RR) looks very favorable here.
This analysis if for educational purpose only. I'm not SEBI registered analyst.
Tata Power Chart analysis weekly time frameTATA POWER formed a great flag breakout with a power candle on weekly time frame
Tatapower.......... All C harged up.... ???Perfect trend resistance...
if does not pullback from 140 levels on closing basis... then watch put for your longs...
Levels marked...
Happy Investing and Trading....
Multi year Break out Tata PowerLong tata power at 145, stop loss 125, target 235.
Looks bullish as big green candle along with heavy volumes.
Long term goal, need to stay invested for around 10-12 months
tata power - btstBuy < 139.8
easy target 142
Disclaimer : This is my personal analysis for study purpose not intended for trading
TaTa Power a long term betLooking at the breakout Tata Power is showing on charts and the EV story in India, Tata power shows a promising growth story.
Accumulate on retests. Good till 115-120 levels too (if it comes.)
bullish on tata powertata power can be a multibagger in coming years with the help of the recent electricity amendment bill and privatization of power units the stock fundamental can grow exponentially and so will the share prices.
The current central government is trying to pass this bill soon and whereas another reason for the share price to grow is the EV vehicles . In India EV vehicle usage is goona go tremendously through which all the charging units in the country will be managed by TATAPOWER.
lookout at the fundamental potential and buy it!
Tata PowerBeast awakening.
Just buy and hold...Potential future multibagger.
Long term portfolio stock.
TATA POWER Trend Analysistoday we have seen a little bullish trend in tata power as tata power made a higher high and high low pattern chart in todays market. many people booked heavy profits in todays market by this stock. but if you have this stock in your portfolio then you need to wait until end of this current trend because it will give you good profits without any tension. i hopw tomorrow we will see a new higher high pont ani a fresh new high low point. i hope tomorrow this share will follow thw same trend but in case of breakouts i arked the targated high and low point with green and red lines resp.
please let me know if i am wrong somewhere in analysis....
Thanks in Advance...
TATAPOWER near all time highTATA poer is near all time high, if it gives daily/weekly close above the white line, then we may think of a long
